U.S. Stock Movement | Stellantis rises over 2% pre-market after signing a five-year AI partnership with Microsoft

Glonghui, April 17th — Stellantis (STLA.US) rose 2.33% pre-market, trading at $8.34. According to reports, Stellantis and Microsoft announced on Thursday that both parties have agreed to establish a five-year strategic partnership to jointly develop artificial intelligence (AI), cybersecurity, and engineering capabilities. The automaker is striving to keep pace with tech-focused competitors. In addition, Stellantis stated in a release on Thursday that former Hyundai Motor America Vice President of Sales, Michael Orange, will serve as Stellantis’ U.S. Head of Sales starting April 22. He will succeed Jeff Kommor, who is retiring after more than 40 years at the automaker. Chief Executive Officer Antonio Filosa noted that Orange will focus on improving retail sales and increasing market share. (Glonghui)